Here are the latest Commitment of Traders charts for Emini traders:
This week's Commitment of Traders reading is +2.5%
Professionals are now net long and their net long positions make up 2.5% of total open interest in all stock index futures. This is a decrease of 0.8% from last week. Historically, this is a very bullish level for Commitment of Traders data but check out the oscillator below for timing market entry. This week's chart has been posted after Monday's close and therefore shows an extra data point – just ignore this last bar.
This week's Commitment of Traders Oscillator reading is -17
Cyan (light blue) dot = Low turning point; Red dot = High turning point
The oscillator is about to cross the zero line into the "look for selling opportunities" zone. Again, this week's chart has been posted after Monday's close and therefore shows an extra data point. This extra data point shows that the oscillator will most likely cross over the zero line this week and confirm the low turning point during the week ending 16 March 2007.
Remember, the Commitment of Traders data is collected weekly after the close on Tuesday and the Commitment of Traders Report is published after the close on Friday.